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Trump Keeps Tariffs Drumbeat Going, With Autos Next
President Donald Trump Friday kept alive his drumbeat of tariff threats, saying levies on automobiles would be coming as soon as April 2, the day after members of his cabinet are due to deliver reports to him outlining options for a range of import duties as he seeks to...
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California's Vehicle Powers Are Under TRUMP ATTACK
This is exciting to see. The Trump administration has asked the U.S. Supreme Court to pause its review of a case involving California's stricter vehicle emissions and electric vehicle standards.
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Retail Sales Plunge as Consumers Pull Back Post-Holiday
U.S. retail sales dropped sharply last month, in part because cold weather kept more Americans indoors and dented sales at car dealers and most other stores.
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Bessent: US Looking at Currency Manipulation in Tariff Row
The Trump administration is looking beyond tariffs and non-tariff barriers to examine currency manipulation as it studies the issue ahead of an April deadline, U.S. Treasury Secretary Scott Bessent said Friday.
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Bessent: Any Tariff-Related Inflation Uptick to Be Slight
If President Donald Trump's tariffs lead to a rise in U.S. inflation, it would be a "one-time slight increase," Treasury Secretary Scott Bessent said after the administration outlined a plan for more levies.
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Trump Prepares to Change US CHIPS Act Terms
The White House is seeking to renegotiate U.S. CHIPS and Science Act awards and has signaled delays to some upcoming semiconductor disbursements, two sources familiar with the matter told Reuters.
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Rasmussen Poll: Most Voters Support Musk, DOGE
A majority of likely voters say they support President Donald Trump's decision to put Elon Musk in charge of the Department of Government Efficiency (DOGE), Rasmussen Reports survey results show.
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Bernie Moreno EXPOSES the EV Tax Credit Lie Destroying Car Manufacturers!
Republican Senator Bernie Moreno of Ohio isn't pulling any punches when it comes to government support for electric vehicles. His statement states how many people feel about EVs.
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Trump Launches Sweeping 'Reciprocal' Tariffs
President Donald Trump announced plans Thursday for sweeping "reciprocal tariffs" hitting allies and competitors, in a dramatic escalation of an international trade war that economists warn could fuel inflation at home.
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N.Y. Fed: Total Household Debt Rises to $18.04T
Overall debt levels held by Americans rose modestly in the final quarter of last year on a healthy consumer sector, even as automobile borrowing faced some turbulence, the Federal Reserve Bank of New York said Thursday.
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Trump's Trade War Could Harm America
Instead of Taxing Trade with Canada, Mexico and Europe, America Should Encourage a Common Response to Chinese Mercantilism.
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Unemployment Claims Fall as Employers Hold Onto Workers
U.S. applications for unemployment benefits fell last week as employers continue to retain workers despite resurgent inflation and elevated interest rates.
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Wholesale Inflation Rises Above Forecasts to 3.5%
U.S. producer prices increased solidly in January, offering more evidence inflation was picking up again and strengthening financial market views that the Federal Reserve would not be cutting interest rates before the second half of the year.
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Powell: Trump's Remarks Won't Affect Fed Rate Decisions
Federal Reserve Chair Jerome Powell said Wednesday that President Donald Trump's calls for lower interest rates won't lead the central bank to change its rate decisions.
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Speaker: WH Mulling Exemptions to Reciprocal Tariffs
GOP House Speaker Mike Johnson, R-La., said on Wednesday that President Donald Trump is considering exemptions to reciprocal tariffs that include the automobile and pharmaceutical industries.
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Groceries, Gas, Rent Drive Inflation up to 3%
U.S. inflation accelerated last month as the cost of groceries, gasoline and rents rose, a disappointment for families and businesses struggling with higher costs and likely underscoring the Federal Reserve's resolve to delay further interest rate cuts.
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Trudeau: Tariffs on Canadian Steel Will Cost US Jobs
If the United States imposes tariffs on imports of Canadian steel and aluminum, some Americans will lose their jobs and U.S. growth will suffer, Prime Minister Justin Trudeau said Wednesday.
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Trump: Lower Interest Rates Would Go Hand-in-Hand With Tariffs
President Donald Trump Wednesday said that interest rates should be lowered and that would go "hand in hand" with his upcoming tariffs, despite economists' expectations that tariffs would fuel inflation and postpone rate cuts.
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Trump Admin Readies Reciprocal Tariffs, Teeing up Major Economic Showdown
Donald Trump's trade advisers were finalizing plans Wednesday for the reciprocal tariffs the U.S. president has vowed to impose on every country that charges duties on U.S. imports, ratcheting up fears of a widening global trade war.
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Sen. Banks: 'Trump Saved the American Dream'
Sen. Jim Banks, R-Ind., said President Donald Trump "saved the American dream" by revitalizing the American steel industry and vowed to continue advancing Trump's trade policies during a speech Tuesday at the American Iron and Steel Institute.
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SEC: Won't Defend Biden-Era Climate Rule in Court
Mark Uyeda, acting chair of the Securities and Exchange Commission, said Tuesday the agency will not defend a "deeply flawed" rule enacted by the Biden administration that requires publicly held companies to disclose climate-related risks.
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Mayor Pete Brings the Biden Show on the Road
Over the last four years, the Biden Administration wreaked havoc upon the American economy. Regulatory costs totaled approximately $1.4 trillion for the private sector in 2024 alone, and the inflationary effects of this government overreach were compounded by a series of...
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Bessent to Visit Ukraine for Talks on Rare Earth Minerals
U.S. Treasury Secretary Scott Bessent will travel to Ukraine this week to discuss a potential deal concerning rare earth minerals, according to a source familiar with his plans.
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Powell: Fed 'Well Positioned' for 'Risks & Uncertainties' That Lie Ahead
The Federal Reserve is prepared to keep its key interest rate unchanged for now as inflation remains elevated and the job market is solid, Chair Jerome Powell said Tuesday on the first of a two-day appearance before Congress.
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Trump: Much Govt 'Fraud, Waste, and Abuse' Remains
President Donald Trump said there is "much left to find" in his administration's investigations of government spending despite judges and "activists" trying to slow the push.